Category: Official Press Release

Bosch believes AIoT, electrification, and green hydrogen are the way forward

In powertrain technology, electromobility is establishing itself as Bosch’s core business. Denner reported that the company is making heavy upfront investments in this area – a further 700 million euros this year alone. Up to now, its upfront investments in electromobility total five billion euros. Currently, Bosch sales revenue from electrical powertrain components is growing… Continue reading Bosch believes AIoT, electrification, and green hydrogen are the way forward

@Toyota: Distributing Hydrogen: Our Investment in Universal Hydrogen

Creating the future is always top-of-mind here at Toyota AI Ventures, so we’re excited to announce our investment in Universal Hydrogen, a Los Angeles, California-based company that has developed innovative technology to ease hydrogen distribution for carbon-free flight. A future powered by hydrogen is thrilling to imagine. Toyota has been a proponent of hydrogen fuel… Continue reading @Toyota: Distributing Hydrogen: Our Investment in Universal Hydrogen

@Toyota: Toyota Developing Hydrogen Engine Technologies Through Motorsports

Toyota Motor Corporation (Toyota) announced today that, toward the achievement of a carbon-neutral mobility society, it is developing a hydrogen engine. It has installed the engine on a racing vehicle based on Toyota’s Corolla Sport, which it will enter in competition under the ORC ROOKIE Racing banner starting with the Super Taikyu Series 2021 Powered… Continue reading @Toyota: Toyota Developing Hydrogen Engine Technologies Through Motorsports

GROUPE RENAULT: QUARTERLY INFORMATION AT MARCH 31, 2021

PRESS RELEASE #RenaultResults First quarter revenues supported by price discipline in a still disturbed environment due to the pandemic Group revenues reached €10 billion (-1.1%) in the first quarter of 2021. At constant exchange rates1, revenues would have been up 4.4%. Automotive excluding AVTOVAZ revenues were stable at €8.6 billion. The highlight of the quarter… Continue reading GROUPE RENAULT: QUARTERLY INFORMATION AT MARCH 31, 2021

Nidec Announces Financial Results for Fiscal Year Ended March 31, 2021

KYOTO, Japan, April 22, 2021 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594) (OTC US: NJDCY) today announced its consolidated financial results under the International Financial Reporting Standards (“IFRS”) for the fiscal year ended March 31, 2021. The highlights are as follows: Net sales stood at a record high of ¥1,618.1 billion, 5.4% higher Y/Y. Operating… Continue reading Nidec Announces Financial Results for Fiscal Year Ended March 31, 2021

Karma Automotive Announces New Dealer Partner In Seattle, Washington

“We’re proud to have Park Place Motors join the Karma dealership network and introduce the Karma brand to our local customers,” said David Bingham, the CEO of Park Place Motors Ltd. “Adding Karma to our lineup of luxury automotive brands, while also providing the best levels of customer service, is consistent with what our customers… Continue reading Karma Automotive Announces New Dealer Partner In Seattle, Washington

Executive Chairman Tony Aquila Also Named CEO of Canoo to Lead Next Phase of Company’s Growth

LOS ANGELES, April 22, 2021 /PRNewswire/ — Canoo (Nasdaq: GOEV) (“Canoo” or the “Company”), today announced the appointment of Tony Aquila, its Executive Chairman and one of the Company’s largest investors, to the added role of Chief Executive Officer.  In this position, Mr. Aquila will lead the Company in its focused strategy of bringing the… Continue reading Executive Chairman Tony Aquila Also Named CEO of Canoo to Lead Next Phase of Company’s Growth

@Renault: GROUPE RENAULT: QUARTERLY INFORMATION AT MARCH 31, 2021000210

PRESS RELEASE #RenaultResults First quarter revenues supported by price discipline in a still disturbed environment due to the pandemic Group revenues reached €10 billion (-1.1%) in the first quarter of 2021. At constant exchange rates1, revenues would have been up 4.4%. Automotive excluding AVTOVAZ revenues were stable at €8.6 billion. The highlight of the quarter… Continue reading @Renault: GROUPE RENAULT: QUARTERLY INFORMATION AT MARCH 31, 2021000210

Magna Commits to Carbon Neutrality in Global Operations by 2030

Targeting carbon neutrality in European operations by 2025, globally by 2030 Science-based approach aligns with objectives of Paris Climate Accord Company signs-on as founding sponsor of XPrize Abundant Energy Alliance AURORA, Ontario, April 22, 2021 (GLOBE NEWSWIRE) — Magna enters a new era in the company’s sustainability journey with its announcement to achieve carbon neutrality… Continue reading Magna Commits to Carbon Neutrality in Global Operations by 2030